Armstrong Announces Price Increase on Resilient Pr

Lancaster, Pa., September 21, 2005--Armstrong announced today that it will initiate an average six percent price increase on its residential and commercial resilient sheet and tile products, effective with shipments on October 24, 2005. “Persistently high oil and natural gas prices, exacerbated in the wake of Hurricane Katrina, combined with escalating transportation costs and increasing global demand, have resulted in unprecedented price escalation for key PVC based materials,” said Allen Cubell, vice president, Product Management – Resilient Sheet. “The prices of oil-based raw materials and energy sources have reached new and sustained high levels. Our continuing productivity improvements cannot offset the full cost impact of these increases, making this price increase necessary.” “We do anticipate that hard surface flooring will continue to gain market share. As a company, we will continue to focus on driving the productivity, innovation and quality initiatives to meet demand and to provide our customers superior products and timely service on all Armstrong products,” said Cubell.